December 10, 2012 / 5:30 AM / 5 years ago

South Korea's Doosan Heavy says wins $1 billion order in Saudi Arabia

SEOUL (Reuters) - Doosan Heavy Industries and Construction Co Ltd (034020.KS) said on Monday it won a 1.1 trillion won ($1.02 billion) order to build a desalination plant in the Yanbu Industrial Area, Saudi Arabia, from the country’s Saline Water Conversion Corporation.

    The South Korean company said in a regulatory filing the contract is set to be completed by July 2016, with construction expected to take 42 months from the site hand-over date.

    ($1 = 1081.6500 Korean won)

    Reporting by Joyce Lee; Editing by Muralikumar Anantharaman

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